Forex Trend Analysis Report
Prepared for you on Monday, July 6, 2020.
Hong Kong Dollar/Argentine Peso (FOREX:HKDARS)
Countertrend Up (+85) - HKDARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HKDARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDARS
The long-term trend has been UP since Jul 19th, 2017 at 2.208300
The intermediate-term trend has been UP since Jan 1st, 2020 at 7.705204
The short-term trend has been DOWN since Jul 6th, 2020 at 9.067977
Smart Scan Analysis for HKDARS
Based on our trend formula, HKDARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).